-
Notifications
You must be signed in to change notification settings - Fork 4
Community Review Recap
| # of Comments | 32 |
|---|---|
| # of Participants | 18 |
| Community Member with most Comments | Cryptoguy84 |
- Pebble CAPTCH-A
“Second thing, to get pebble it's must to burn 2000 NUM, but I feel it's not worth to burn 2000 NUM and to get only to attend the meeting, and other one will keep the 2000 NUM and wait for the market to go up and will gain the new price of the market and cash it out with 10X for example. So pebble has to have different benefits plus governance meeting.” – Crytoguy84
“Owning Pebble is not very incentive, especially that it can be acquired only by burning tokens but it gives no voting power. There could be some more perks encouraging ppl to acquire it. Maybe there could be some time limited campaigns allowing to acquire Pebble also by staking not by burning tokens.” – AniaBeg
- Burning $NUM to vote
“I believe an additional method of increasing the voting power of the CAPTCH-A NFT which can be explored is staking NUM for a longer period to have more voting rights or voting power if you are a CAPTCH-A holder. For example, the method of voting requires the burning of $NUM tokens (i.e., 1 $NUM = 1 vote power, 9 $NUM = 3 vote power). Another additional option which can be explored is to vote by staking NUM for a period of time. I will be using a random figure, but this can be done, say, by staking above 1000NUM for 360 days for 10 vote power or staking 1000NUM for 180 days to get 5 vote power. So. It can follow these mechanics for CAPTCH-A holders to increase their voting power. Stake 1000NUM for 90 days to get 10 voting power. Stake 10000NUM for 90 days to get 100 voting power. Stake 1000NUM for 180 days to get 20 voting power. Stake 10000NUM for 180 days to get 200 voting power. Stake 1000NUM for 360 days to get 40 voting power. Stake 10000NUM for 360 days to get 400 voting power. If the team decides to implement this, I believe the 90-day, 180-day, and 360-day staking periods should be used as the baseline. Staking amount and voting power can be changed based on what the team considers to be fair play.” – AkDefi
“+voting power should be taken into consideration.” – arpana2628
- Burning $NUM to propose
“The idea of burning 5000 NUM if the proposal doesn't pass is a little daunting. In bear market, when the token price is low, it doesn't seem that bad, but probably many people will make some calculations in their minds and look at it from the higher price point of view. And in such situation burning 5000 NUM isn't so encouraging. Maybe as it was mentioned above, some vesting for the tokens if the proposal doesn't pass could be a better solution.” – AniaBeg
“As i saw on the post it says that the proposer needs to stake 5000 $NUM to propose. But if the proposal fails then the 5000 num will be burnt .This can minimize our proposals due to the risk that if proposal fails the 5000 num burnt So i suggest team to modify the rule that if proposal fails then also that num will be refunded but this time as vesting for 6-8 months ✅ so that it boosts NFT holders to propose . And if the proposal passes introduce some rewards then with that 5000num refunded” – daredevil8871
“when making proposals the owner of the Rose, Sky, and night must stake 5000 NuM if it passes the num will be refund plus EXTRA percentage on top, to motivate the members to propose and cuz there is risk of the proposal on the contrary will burnt. So no benefit of propose things and it's more risk than benefit. It should be rewarded as percentage extra num when will be refunded.” – Cryptoguy84
- Incorporating $NUM staking with Numbers DAO
“I suggest to do staking instead of burning of num tokens.” – lamrd001
- 40% DAO powered set as team reserved
“I observed that 40% of the minted CAPTCH-A will be set as the team preserved. So how is the team planning to use these in the future.” – Lasheron
- Adding additional incentives for CAPTCH-A and DAO participation
“Would it be possible to provide some perks to make holding CAPTCH-A NFTs more attractive something like allowing a limited amount of free minting and listing of Captures on the NFT marketplace using network actions.” – Lasheron
- Request for additional resources
“The general idea of CAPTCHA NFT is great, although it may seem a little complicated for some people (comparing with other projects, where ppl can just vote "yes" or "no", the whole captcha process may look quite difficult and confusing). I would suggest making some visual/video materials describing and promoting captchas - why they are useful, how to use them etc and repetitively posting it on social medias to get community members (especially the new ones) familiar with the topic and advantages of having the captcha.” – AniaBeg
It is important to us (Numbers team) that we build the project in collaboration with the community so we appreciate the feedback we received for our first community review.
- Regarding Pebble CAPTCH-A
“The key difference between Pebble CAPTCH-A and the rest of the CAPTCH-A's are the Soulbound element to them. Though it is not uncommon to tie a certain NFT ownership to DAO membership we felt to ensure the success of the Numbers Protocol project, we should put it in the hands of active community members, as active community members will know best what the project needs and will act in the projects best interest as opposed to their own. Those active community members will have in their possession a Soulbound CAPTCH-A. As mentioned in the Governance document, Soulbound CAPTCH-A are tied to wallet address and can only be acquired through whitelist whereas Pebble NFTs can be acquired via burning or traded via secondary marketplace. We view Pebble CAPTCH-A as your traditional NFT and as such it is easily acquirable. We want to avoid nefarious individuals from acquiring a Pebble via secondary marketplace and influencing votes when they are not committed to the project. That is why we limit their proposal and voting power, however we open the door from them to still participate as non-voting DAO members. If at a later time they decide to want to be an active member, the whitelist is always available to them. I hope that clarifies things for you.” – ethanwu155
- Regarding Burning $NUM to vote & Regarding Burning $NUM to propose & Regarding Incorporating $NUM staking with Numbers DAO
“Like many things, we plan on iterating on the DAO structure over time to improve and adjust certain aspects to ensure the best experience and optimal participation with Numbers DAO. Your suggestions are all noted and we will monitor the situation! If any changes are made, the community will be first to hear about it.” – ethanwu155
“We are aware that community members are concerned with the high price and the Soulbound CAPTCH-A prerequisite in terms of proposals. The reason for this decision is to ensure that quality and necessary proposals and put out to the DAO. Your mechanism for $NUM refund is noted. We will most likely go through many iterations of Number DAO (with community approval of course) before we come to the most optimal.” – ethanwu155
- Regarding 40% DAO powered set as team reserved
“40% allocation is team preserved like many other NFT projects. The purpose is to make sure the team can keep rights to talk and propose in the governance meetings. This is very similar to the team-preserved portion of the tokens.” – ethanwu155
- Regarding Adding additional incentives for CAPTCH-A and DAO participation
“There have been discussions regarding providing a mechanism to allow a limited amount of free minting and listings within the Numbers ecosystem. This may be tied to CAPTCH-A, it may be tied to something else. It is still up for discussion. If we decide to offer this type of service the community will definitely be the first to hear about it. Stay tuned!” – ethanwu155
- Regarding Request for additional resources
“That is a great idea! Our DAO structure is a bit more complicated and unique as compared to other projects. I think creating infographics or posting a video is a great idea to help bridge the knowledge gap. The team will definitely look into this!” – ethanwu155
| # of Comments | 25 |
|---|---|
| # of Participants | 8 |
| Community Member with most Comments | 43z708, imonlydan |
Staking / CAPTCH-A
“Hi Team Staking 2000 NUM for activation of existing CAPTCH-A (Gray) look high. If Team reduce Staking amount for CAPTCH-A holders we really feel lucky I hope Team will consider our request” ~Sudhakar11128
Staking
“Date: 24/10/2021 NUM & BUSD LP Farming open! (Staking mentioned on the post, actually, it is lp farming ) Farming has 2 types: LP farm and staking farm. Staking is token per token you get some % of the fee and the rewards only per this token you chose. Lp farming will be for a pair of tokens - so the lp token you will get by adding liquidity that will generate the lp token you are staking on in the LP farm. We, Holders also demand staking! Hope soon to see it” ~iamBishalChakraborty
Capture APP Referral System
"I was wondering how the app could grow and I came up with a suggestion, unless I missed it, would it be possible to add some type of refer a friend to the app feature, doesn’t have to be like a token dump but I feel like it would help reach more people and get more people engaged with the app. Something like refer 2 friends get 1 waived mint fee, something along those lines." ~imonlydan
Obtaining CAPTCH-A
“I see that you were talking about the requirements of obtaining a CAPTCH-A NFT. I'd like to add an alternative suggestion, if made to be a set amount, and price of NUM inflates, many community members that aren't financially able won't be able to get one. I feel like maybe the first tier at least should be set at a price, I'm going to reference a S-Coin called Catgirl. They have a "mystery box" that always stays at the equivalent of about 10USD by changing the amount of CGC needed to buy one mystery box as market changes. This could maybe be done to at least the first tier, it would be hard to implement something like this with staking though I haven't thought it through that far but hey just launching ideas that may suit the community better.” ~imonlydan
NUM Selling Pressure Concerns
“Premise According to the white paper, rewards such as Integrity reward and Verification reward are indeed weapons to grow the product and community, but they are also potential selling pressure. I believe that the value of $NUM will naturally increase as the product grows, but a system that maintains a balance between buying and selling pressure is essential for the growth of the community ecosystem, and we should build a system that encourages healthy growth in the price of $NUM. Burning tokens has the effect of increasing scarcity value, but I think it should be considered separately from buying pressure.
So I have two suggestions.
how about having $NUM pay for the enterprise usage of numprotocol api? Part of the $NUM purchased by the enterprise will be burned, and part will be used to generate revenue for the operation. captureclub currently allows users to purchase in ETH or USD, but we will make it possible to use $NUM. And make the fee a little higher for ETH and USD, and lower for $NUM. I think this will create pressure to buy $NUM in order to buy NFT. And the above two suggestions are tied to maintaining a healthy price for $NUM, since the mechanism is to increase the pressure to buy $NUM as the numbersprotocol ecosystem grows.” ~43z708
It is important to us (Numbers team) that we build the project in collaboration with the community so we appreciate the feedback we received for our first community review.
Regarding Staking
“We are working hard to bring you staking as mentioned in the article to you guys. Please be patient :) & and thanks for your continued interest :)” ~ethanwu155
Regarding CAPTCH-A Staking Requirement
“We are aware that the NUM staking requirement to activate CAPTCH-A may be a little steep. We definitely do not want to exclude devoted community members from participating in governance. We will discuss further internally and share our thoughts on the staking requirement. Thanks for the feedback.” ~ethanwu155
Capture APP Referral System
“This is a good idea and another method of incentivizing members to utilize Capture APP. I’m sure the community will also be on board with this incentive mechanism.” ~ethanwu155
CAPTCH-A Acquisition
“That's a good observation. I think you are right that as the value of NUM inflates we don't want staking and the subsequent community network actions (verification reward, governance, CAPTCH-A) to feel "exclusive" as the Numbers network wishes to be inclusive. This area most likely needs more discussion and community feedback!” ~ethanwu155
Regarding NUM Selling Pressure
NUM Payment
“I believe it makes sense for users of Numbers technology to pay NUM instead of fiat. The challenge will be, enterprises need estimable costs to run a sustainable business. The big fluctuation of crypto may become the barrier to stop them from using Numbers Protocol. The current idea is to create a NUM fund. When the price goes high, the fund may liquidate some NUM tokens, and when the price goes low, this fund can be used to create incentives for enterprise users or help them use Numbers API with a relatively stable price. These are just some super preliminary ideas, nothing serious yet. Any suggestions/comments are more than welcome.” ~tammyyang
CaptureClub NUM payment
“We have been working on NUM payment already. Probably the better way to encourage users to pay with NUM is to create incentives, such as 10% off if you pay with $NUM. I know it may sound the same as a higher fee in ETH and USD, but encouragement instead of punishment is usually a better solution I think.
Regarding the question "if the 10% off price is not a disadvantage to the seller" , here are my opinions As "trust" has its value (thinking about when we buy things on Amazon, we tend to buy items with high review scores even though these items are sometimes more expensive), I believe sellers can sell the items at a bit higher price than on other platforms. I.e. theoretically, buyers are willing to pay a bit higher price for this "guarantee". This gives us some room to compensate users who use NUM to trade because they participate in the building of Numbers Protocol by using its default currency.” ~tammyyang